Rail Industry News
Union Pacific: As profits sink and furloughs rise, it’s uncertain times ahead for the railroad
(Source: Omaha World-Herald, October 23, 2015) OMAHA, Neb. — After a third straight quarter of falling rail shipments, Omaha-based Union Pacific Corp. said Thursday it continues to keep a sharp eye on expenses and payrolls. Full story: Omaha World-Herald
Hunter Harrison to Canada’s new government: ‘Just leave us alone’
(Source: Canadian Press, October 20, 2015) CALGARY, Alberta — The head of Canada's second-largest railway urged the country's incoming Liberal government to stop what is says is Ottawa's history of meddling in its operations. Full story: Huffington Post
CP Rail’s Harrison returns after leg surgery
(Source: Bloomberg, October 20, 2015) NEW YORK — Hunter Harrison, lured out of retirement in 2012 by activist investor Bill Ackman to turn around operations at Canada Pacific Railway Ltd., is back on the job after leg surgery. Full story: Bloomberg
Union Pacific scheduled to post quarterly earnings on October 22
(Source: Financial Wisdom, October 21, 2015) NEW YORK — Union Pacific (NYSE:UNP) is set to announce its Q315 earnings on Thursday, October 22nd. Analysts expect the company to announce earnings of $1.43 per share and revenue of $5.65 billion for the quarter. Full...
Design team chosen for Texas high-speed rail line
(Source: Houston Chronicle, October 20, 2015) HOUSTON — Another week, another step forward for the still-controversial high-speed rail project in Texas. Planners on Tuesday announced their choice of firms to design and engineer the line. Full story: Houston...
CSX workers in Russell concerned after reductions in Erwin and Corbin
(Source: The Independent, October 20, 2015) ASHLAND, Ky. — CSX workers with operations in Russell are hoping the reduction at the sites in Erwin, Tennessee, and Corbin isn’t a sign the runaway layoff locomotive is headed this way. Full story: The Independent
Editorial: Railroads engage in brinkmanship over safety and freight shutdown
(Source: Sacramento Bee editorial, October 20, 2015) SACRAMENTO, Calif. — If the railroad industry’s delay and secrecy on oil train safety isn’t frustrating enough, it’s also dragging its feet on installing anti-collision technology required after a horrific 2008...
Norfolk Southern statement on refusal to allow passenger service, Poisonous-Inhalation-Hazard cargo due to PTC deadline
(Source: Norfolk Southern press release, October 20, 2015) NORFOLK, Va. — Norfolk Southern Corporation (NYSE: NSC) today said its rail operating subsidiaries will no longer accept shipments of Poisonous-Inhalation-Hazard commodities, effective Dec. 1, 2015. PIH...
NS: No PTC extension? No PIH trains. No passenger trains.
(Source: Railway Age, October 20, 2015) NEW YORK — Norfolk Southern on Oct. 20, 2015 said, effective Dec. 1, 2015, it will no longer accept shipments of Poisonous-Inhalation-Hazard (PIH) commodities, and that passenger trains operated by Amtrak, Virginia Railway...
House considering new plan for PTC extension
(Source: Philadelphia Inquirer, October 20, 2015) WASHINGTON, D.C. — Railroads would get at least three more years, and as many as five, to finish a long-awaited rail safety upgrade and could face fines if they miss their benchmarks under a plan unveiled Tuesday and...
For big railroads, a carload of whistleblower complaints
(Source: Fair Warning, October 21, 2015) NEW YORK — As both a veteran railroad worker and union official responsible for safety, Mike Elliott became alarmed when he learned of trouble-plagued train signals in his home state of Washington. Full story: Fair Warning
France to tighten train security in response to attacks
(Source: CBS News, October 20, 2015) PARIS — France is tightening security on its vast public transit network after an attack on a high-speed train that was thwarted by a group of Americans. Announced on Monday, some of the measures include baggage searches and ID...
DOT drafts strategy for nation’s freight movement
(Source: Progressive Railroading, October 19, 2015) The U.S. Department of Transportation (USDOT) has released a draft of a National Freight Strategic Plan that offers policy proposals for and solutions to the nation’s growing challenges of moving freight, U.S....
CSX lawsuit in Mt. Carbon oil train derailment moves to federal court
(Source: Register-Herald, October 20, 2015) BECKLEY, W.Va. — A lawsuit against CSX and its subsidiary CSX Transportation resulting from February's Mt. Carbon derailment was moved to a federal court in Huntington recently at the railroad's request, prior to its filing...
Chinese firms want in on America’s first bullet train
(Source: Los Angeles Magazine, October 19, 2015) LOS ANGELES — While the California high-speed rail is the most advanced bullet train project in the country, it still has major issues hanging over its path. For one thing, there’s a host of lawsuits (though the...
New rail for Southwest Chief upgrades will be made in U.S.A.
(Source: Pueblo Chieftain, October 19, 2015) PUEBLO, Colo. — EVRAZ Steel will provide the rail for the first leg of Amtrak track improvements along the route of the Southwest Chief through Kansas, Colorado and New Mexico. Full story: Pueblo Chieftain
Hoffa: Congress should rebuild roads, not lengthen trailers
(Source: Huffington Post column by Teamsters General President James P. Hoffa, October 20, 2015) WASHINGTON, D.C. — America's highways can be a dangerous place for motorists. That's why it makes no sense that some in Congress want to cave to trucking industry...
CSX to close mechanical shops in Corbin, Ky.
(Source: CSX press release, October 20, 2015) JACKSONVILLE, Fla. — As CSX continues to evaluate network resources and match them to demand in a changing business environment, the company today announced the closure of the mechanical shops in Corbin, Kentucky. The...
CP Rail reports 3Q 2015 adjusted earnings per share of $2.69
(Source: Canadian Pacific press release (PDF), October 20, 2015) CALGARY, Alberta — Canadian Pacific Railway Limited today announced the highest-ever revenue for the third quarter, 16-percent growth in adjusted earnings per share and the lowest operating ratio for the...
CP Rail profit beats forecasts on high freight rates, lower costs
(Source: Reuters, October 20, 2015) NEW YORK — Canadian Pacific Railway Ltd reported a better-than-expected quarterly profit, helped by higher freight rates and lower operating costs. CP Rail said freight revenue per carload rose 5 per cent in the third quarter ended...
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